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Gull Says 19 May A Great Day For Biofuel In NZ

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Gull Says 19 May A Great Day For Biofuel In New Zealand

But Where are the Oil Giants When It Comes To Biofuels

Auckland, 14 May 2008 - Gull estimates that on the 19th of May it will meet its biofuel obligation for 2008 as proposed by the Biofuels Bill currently in the Parliamentary Select Committee process.

Dave Bodger General Manager of Gull New Zealand says if the law was in effect now Gull would easily be compliant with its year one obligations.

“This is fantastic news. It means Gull can focus on our next step in biofuel and delivering ongoing customer value to Kiwi motorists,” says Bodger.

The new biofuel law, proposed to come into effect on 1 July mandates that 0.53 per cent of the energy content of all fuel sold in New Zealand in the balance of 2008 must be sold as a biofuel. Percentages increase gradually in following years.

Since August 2007 Gull has been the only oil company in New Zealand with a biofuel, Gull Force 10, available to Kiwi motorists.

“Gull’s Force 10 is a sustainable premium unleaded biofuel, which contains a blend of 10 per cent bioethanol sourced from whey, a natural by-product of the New Zealand dairy industry. Gull Force 10 is better for the environment with significantly lower emissions and also delivers higher octane and cleaner engine performance”.

Bodger also notes that Gull has introduced Gull Force 10 to its 26th service station this week.

“This represents approximately 90 per cent of our sales by volume. The balance of Gull service stations will move to selling Gull Force 10 in the next few weeks”.

Bodger explains that it is not hard or expensive to move to biofuel.

“There is a lot of publicity around sourcing sustainable biofuels and supposedly how hard and expensive it is. We simply do not buy into that. With great support from the public it’s relatively easy. Our view is just get on with the job and get it done. At sites where Gull sets fuel prices, Gull Force 10 is cheaper than opposition 98 octane fuel so we do not see the expensive argument.”

As a good New Zealand and Australian company Gull asks “Where the bloody hell are you?” of the multinational oil giants when it comes to biofuels.

“Gull Force 10 is good for the environment and good for the motorist. There should be more available for the public,” concludes Bodger.

ENDS

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